New Issue: JPMorgan prices $4.15 million 9.5% ELKS linked to Hewlett-Packard

New York, Nov. 2 - JPMorgan Chase & Co. priced $4.1548 million of 9.5% Equity LinKed Securities due May 3, 2013 linked to Hewlett-Packard Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless Hewlett-Packard shares fall below the protection price, 75% of the initial price of $13.85, during the life of the notes and finish below the initial price in which case the payout will be 0.7220 shares of Hewlett-Packard stock.

J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management as the distributor.

Issuer:	JPMorgan Chase & Co.
Issue:	Equity LinKed Securities
Underlying stock:	Hewlett-Packard Co.
Amount:	$4.1548 million
Maturity:	May 3, 2013
Coupon:	9.5%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless Hewlett-Packard shares fall below the protection price, 75% of the initial price, and finish below the initial price, in which case 0.7220 shares of Hewlett-Packard stock
Initial price:	$13.85
Protection price:	$10.3875, 75% of $13.85
Exchange ratio:	0.7220
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	J.P. Morgan Securities LLC, with Morgan Stanley Wealth Management as distributor
Fees:	1.5%

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